Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Roth IRA contribution withdrawals are always tax and penalty-free. However, if you pull your Roth earnings too early, you’ll likely have to pay a penalty or taxes, unless you qualify for an exception.

Inherited Roth IRAs present unique challenges and opportunities for beneficiaries, differing significantly from standard Roth ...

A Roth 401(k) is a type of retirement savings account that combines elements of a traditional 401(k) with features of a Roth IRA. Unlike the traditional 401(k), contributions to a Roth 401(k) are made ...

Being familiar with Roth IRA withdrawal rules plays a role in maximizing your savings, as your Roth IRA contribution withdrawals are always tax and penalty free. However, if you pull your Roth ...

Learn how and when withdrawals from your traditional IRA or Roth IRA and traditional 401(k) or Roth 401(k) can affect your ...

If you’re not sure what a Roth IRA is, here is a quick recap on Roth vs. traditional IRAs. A traditional IRA can allow for a tax deduction and tax deferred growth until you take the money out. At that ...

When it comes to saving and investing for retirement, there aren't many better routes than utilizing retirement accounts. The most popular option is a 401(k), but it's not the only viable option. IRAs ...

Oh boy! Did I get your attention? You say, “But Kelly! I thought all Roth IRA distributions were tax free!” I say, “Not so fast, Sparky.” This is embarrassing. I used to think like you. Then I got my ...